Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) Short Interest Update

Fidelity Enhanced Small Cap ETF (NYSEARCA:FESM) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 590,575 shares, an increase of 248.6% from the July 15th total of 169,418 shares. Based on an average daily volume of 831,602 shares, the short-interest ratio is presently 0.7 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FESM. World Investment Advisors bought a new position in shares of Fidelity Enhanced Small Cap ETF during the 4th quarter worth approximately $532,000. Kestra Private Wealth Services LLC grew its holdings in shares of Fidelity Enhanced Small Cap ETF by 203.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 32,190 shares of the company’s stock valued at $1,216,000 after acquiring an additional 21,567 shares in the last quarter. LPL Financial LLC increased its position in shares of Fidelity Enhanced Small Cap ETF by 66.6% during the fourth quarter. LPL Financial LLC now owns 4,286,386 shares of the company’s stock valued at $161,940,000 after acquiring an additional 1,713,064 shares during the last quarter. TritonPoint Partners LLC purchased a new stake in shares of Fidelity Enhanced Small Cap ETF during the fourth quarter valued at approximately $1,331,000. Finally, KFG Wealth Management LLC bought a new stake in Fidelity Enhanced Small Cap ETF during the first quarter worth $16,325,000.

Fidelity Enhanced Small Cap ETF Price Performance

Shares of FESM stock traded up $0.24 on Friday, reaching $48.88. 561,366 shares of the company were exchanged, compared to its average volume of 735,352. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 16.78 and a beta of 1.31. The company has a 50-day moving average of $47.21 and a 200-day moving average of $43.23. Fidelity Enhanced Small Cap ETF has a one year low of $33.67 and a one year high of $48.93.

Fidelity Enhanced Small Cap ETF Company Profile

The Fidelity Enhanced Small Cap ETF (FESM) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund that invests in US, small-cap companies. Stock selection is based on computer-aided analysis, which chooses stocks belonging to the Russel 2000 Index. FESM was launched on Dec 20, 2007 and is issued by Fidelity.